Word: caring
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Dates: during 1980-1989
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...engineer at Librascope, a computer firm. Then, as other pinstriped parents up and down the San Fernando Valley march out to their cars with groggy children in tow, Steven, a vice president at Union Bank in nearby Monterey Park, drives the boys to their day-care center, where he will pick them up again...
Millions of American working couples must scramble every day to arrange care for their children. But the Shankers have one big advantage over most parents: the day-care center is at Steven's office. Union Bank provides $150,000 a year to subsidize the complex, which includes spacious play areas and five classrooms. While it would cost Shanker up to $700 a month to put his boys in other local day-care facilities of comparable quality, he pays the bank only $520 through convenient payroll deductions. Moreover, the arrangement allows him to avoid paying taxes on the portion...
Union Bank is one of thousands of firms that have grasped a basic fact of business in the era of the two-career household: when companies hire employees, families and all of their homelife headaches are taken on as well. If little Suzy goes off to day care with a cold, Dad may fret about it at the office all day. If Mom suddenly has to work late, there may be no one to pick up Suzy and give her dinner. And if Grandma falls and breaks her hip, that budget report due tomorrow just doesn't seem so important...
...help ease the unavoidable conflicts between career and family. More than half of all U.S. firms provide some form of family benefits, ranging from paternity leave and flexible hours to assistance in finding the right nursing home for an elderly parent. The Merck pharmaceutical company helped start a day-care center near its Rahway, N.J., headquarters, and permits employees to start work as early as 7 a.m. or as late as 9:30 a.m. so that they can meet family obligations. Procter & Gamble offers workers unpaid child-care leave of up to one year, with a guarantee that they will...
...well as stem excessive absenteeism." From his experience, Union Bank's Shanker agrees: "My commitment has increased and I feel a new level of goodwill toward the bank because my employers have shown concern about my family. There is a direct connection between the existence of the day-care center and my job performance...